alt Hacker NewsSomeone could interpret that as a lack of capitalism rather than the opposite.
That is, Henry Ford changed the world because he deployed capital to make workers so productive that they could afford to buy the cars they make.
A person paid to do child care in an organization with overhead, who has to pay taxes, etc. is not productive enough to put their own children in child care. So child care fails to revolutionize the world the way the car did.
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> A person paid to do child care in an organization with overhead, who has to pay taxes, etc. is not productive enough
They are highly productive but the market doesn't value them. It values the backup forward on a basketball team - an almost completely non-productive job - more than a doctor. It values the owner of a company at $1 trillion, which is obviously absurd.
> Someone could interpret that as a lack of capitalism rather than the opposite.
In Capitalism surplus economic value goes to the Capital class, so it seems like it is working as designed.
Innovative companies at the beginning of growth cycles are always generous to employees. Look at all the perks showered on staff for a long time. They are starting to pull that back as they get monopoly market power.
I would agree with you that more capitalism would be better but only if you acknowledge that monopolies are not capitalism; they are the logical end and death spiral in unregulated and unmanaged capitalism.
They are the black hole that a dead star collapse into.